that it would be possible to provide in the terms of woul of the bounds that 25 they should only be issued to residents
this would in effect be locking the
stable
never
door
a
there. It
a
hose that was
might perhaps be
argued that there is still advantage
in providing that
monies
interest and redemption
should be paid outside the
to persons
who
were
Colony only resident here when they bought the
bonds but would this in practice be much different from permitting
present arrangements
Continue?
4
in this respect to
euggest that
continue to
borers for general acceptance of the fact
that unrestricted hears bonds are the only form which it is practicable to issue in Hong Kong.
3 of M Wallace
would
bond
inethod
chung
*
As
minute of 17/11/48,
recorded in para
tus
premium
perhaps the only feasible
enable us to suggest
issue
as
of financing the Tai ham
project.
[Copies of ☹
17
are
distributed
35/12
benig prepared and
J
will
be
31/12
I aque We win Chack In
31 xu
indicated on
on 14